[1] NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

 

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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Roberts

 

DATE TYPED:

02/06/02

 

HB

248/aHEC

 

SHORT TITLE:

NM Junior College’s Virtual College

 

SB

 

 

 

ANALYST:

Fernandez

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY02

FY03

FY02

FY03

 

 

$500.0

 

 

 

Non-Recurring

General Fund

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

Duplicates/Relates to Appropriation in The General Appropriation Act

Duplicates SB 257

 

SOURCES OF INFORMATION

 

Commission on Higher Education (CHE)

 

SUMMARY

 

     Synopsis of HEC Amendment

 

The House Education Committee amendment strikes all references to New Mexico Junior College from the original bill.

 

     Synopsis of Original Bill

 

House Bill 248 appropriates $500.0 from the general fund to the extended learning fund for the purpose of continuing the development of New Mexico virtual college.

 

     Significant Issues

 

This funding would allow for the planning, infrastructure technical assistance, instructional design, and training of faculty and staff for New Mexico virtual college.  According to CHE, institutions will contribute membership fees and other matching funds to support this project.

 

 

FISCAL IMPLICATIONS

 

The appropriation of $500.0 contained in this bill is a non-recurring expense to the general fund.  Any unexpended or unencumbered balance remaining at the end of a fiscal year shall not revert to the general fund.

 

ADMINISTRATIVE IMPLICATIONS

 

Minimal on the CHE.

 

DUPLICATION

 

Duplicates SB257.

 

TECHNICAL ISSUES

 

Funds are for expenditure in FY02; however, the bill does not contain an emergency clause.

 

The bill should include the specific fiscal years in which the funds may be expended.

 

The bill should indicate the fiscal year the funds would revert if not expended.

 

References to New Mexico Junior College should be deleted.

 

CTF/njw:ar

 [1]Begin typing on the * in replace mode.  Do not add or delete spaces.